First National Trust Co Has $489,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

First National Trust Co reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,704 shares of the pipeline company’s stock after selling 915 shares during the period. First National Trust Co’s holdings in Williams Companies were worth $489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in Williams Companies by 9.1% in the first quarter. QRG Capital Management Inc. now owns 29,396 shares of the pipeline company’s stock valued at $1,146,000 after acquiring an additional 2,442 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Williams Companies by 9.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 31,557 shares of the pipeline company’s stock worth $1,230,000 after purchasing an additional 2,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Williams Companies by 13.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,052 shares of the pipeline company’s stock valued at $4,523,000 after purchasing an additional 13,709 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Williams Companies by 15.5% during the first quarter. Kingsview Wealth Management LLC now owns 113,503 shares of the pipeline company’s stock worth $4,423,000 after buying an additional 15,232 shares during the period. Finally, HBK Sorce Advisory LLC raised its stake in Williams Companies by 2.8% during the first quarter. HBK Sorce Advisory LLC now owns 13,690 shares of the pipeline company’s stock worth $534,000 after buying an additional 371 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Down 2.0 %

Williams Companies stock opened at $55.60 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average price is $49.25 and its two-hundred day moving average price is $44.66. The firm has a market capitalization of $67.78 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 5.56 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities research analysts predict that The Williams Companies, Inc. will post 2.01 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. Williams Companies’s payout ratio is 80.17%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial upped their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Barclays lifted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $50.38.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.